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DOMAINS TOKEN-G

Ronald Maguire

17 June 2022 143 Read Crypto , Bitcoin , Altcoins

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Bitcoin Price Responds Positively to Fed's 75 Bp Rate Increase

The US Federal Reserve announced the highest rate hike since 1994. Although the BTC price decreased at first, it recovered later. Currently, BTC is priced at $20,800.

The Federal Reserve announced further monetary tightening on Wednesday. After the Fed's statement, BTC fell first, then rose to $21,440.

New Bottoms Coming?

Most cryptos have exhibited minor price drops in the last 24 hours. Cryptos that have managed to increase their value today are BNB, ADA, XRP, SOL, DOT and DOGE.

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